Uninsured Mortgages

Solutions

You’re more than a number.

Uninsured Series Mortgage Solutions

Alternate mortgage solutions for Canadians who want more.

You’ve changed. You’ve grown. You want a mortgage that fits your present and your future. If you would like to buy a new home or investment property, consolidate debt or refinance for a better interest rate, you’ve got more choices than you might think.

Now, discover your best mortgage.

The XMC Uninsured series of mortgage solutions is built for Canadians who understand – and embrace – the changes that have brought us here, to this place of opportunity and change. You require more from a mortgage lender than traditional banks and lenders are able to offer.

Let’s move forward together.

Discover Purchase and Refinance Mortgage Solutions offering up to 80% financing to clients who want to purchase a new property or refinance the one they already love.

We lend in more places across Canada to clients with credit challenges.

Payments

Returned Payments

$153.00

Holding a Payment/ Delaying PAC

$82.00

Payment Frequency change (mid-term)

$82.00

Due Date change (mid-term)

$82.00

Amortization Period change
(mid-term & excluding privilege payments)

$82.00

Discharges

All provinces (excluding MB, BC, ON, AB and QC)

$365.00

Land Registration Fee - ON

$71.30

Manitoba (MB)

$185.00

British Columbia (BC)

$75.00

Ontario (ON)

$365.00

Alberta (AB) and Quebec (QC)

$0.00

Second Request for Discharge Documentation (if misplaced)

$75.00 per hour

Discharge Reproduction - ON & QC

$25.00

Discharge Reproduction - all other provinces - NOT ON & QC

$100.00

Assignment/Transfers

All provinces (excluding NL, NS, PE and QC) (AB*)

$365.00

Newfoundland (NL)

$50.00

Nova Scotia (NS)

$25.00

Prince Edward Island (PE)

$25.00

Quebec (QC)

$0.00

*Alberta – a fee can only be charged if Transfer docs have been requested (Otherwise, it’s a discharge and no fee applies)

$365.00

Partial Discharge

All provinces excluding Quebec

$250.00

Assumptions and Release of Covenant

Release of Covenant

$350.00

Qualified Assumptions
(All provinces except Alberta)

$450.00

Taxes

Payment of Tax Arrears

$150.00 & up

Payment of Utility Arrears

$50.00 & up

Tax Account breakdown statement

$75.00 per hour

Tax administration fee from municipality (if applicable)

Fee varies per
Municipality

Tax Portion Cancelation

$75.00

Legal Action

Default Administration

$250.00

Bankruptcy/Consumer Proposal Administration

$300.00 & up

Payment of Condo Fees

$150.00 & up

Miscellaneous

Reprint of Annual Statement

$25.00

Request for copy of materials from file (if authorized)

$25.00

Fire/water damage insurance claims inspection

Fee varies

Impairment Insurance

$250 every quarter

Occupancy checks

Fee varies

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An agile mortgage lender with the experience, the character and the commitment to excellence required in Canada’s evolving real estate market. Since 1997, we’ve originated more than $5.5 Billion in mortgages across Canada. In 2013, XMC (then XCEED) was acquired by MCAN Mortgage Corporation, a federally regulated mortgage investment corporation. Our team is made up of respected industry innovators, influencers and big-thinkers.

XMC Mortgage Corporation has not prepared, reviewed or updated any content on third party sites and assumes no responsibility for the information posted on them. The Company believes all information posted on this website to be correct at the time of posting, but advises that it may be subject to change without notice.

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